BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
Markets Print edition: 2026-07-27

Marginal gains

Published Updated

KARACHI: The Pakistani rupee posted marginal gain against the US dollar for another week as it appreciated by 0.03 percent in the inter-bank market.

The local unit closed at 277.87, a gain of Re0.09 against 277.96 it had closed at against the greenback a week earlier, according to State Bank of Pakistan (SBP) data. Credit ratings agency S&P Global raised Pakistan’s long-term sovereign credit rating to “B” from “B-” during the previous week, citing stronger institutional stability and effective implementation of reforms under an IMF programme. “The stable outlook reflects our view of Pakistan’s improved political and institutional settings. Entrenched economic reforms will bring about a sustained period of steady growth and fiscal consolidation,” said S&P.

Meanwhile, SBP’s foreign exchange reserves increased by USD 33 million during the week ended July 17, 2026, reaching USD 17.26 billion. The SBP said the country’s total liquid foreign reserves stood at USD 22.67 billion. Net foreign reserves maintained by commercial banks amounted to USD 5.41 billion. The central bank is scheduled to convene a meeting of its Monetary Policy Committee (MPC) on Monday to decide the benchmark policy rate.

Open-market rates

In the open market, the PKR gained 9.00 paisa for buying and lost 14.00 paisa for selling against USD, closing at 278.77 and 279.82, respectively.

Against Euro, the PKR gained 1.03 rupee for buying and 1.08 rupee for selling, closing at 318.88 and 321.77, respectively.

Against UAE Dirham, the PKR lost 12.00 paisa for buying and 17.00 paisa for selling, closing at 76.34 and 76.94, respectively.

Against Saudi Riyal, the PKR lost 12.00 paisa for buying and 16.00 paisa for selling, closing at 74.69 and 75.24, respectively.

=========================================

THE RUPEE

=========================================

Weekly inter-bank market rates for dollar

=========================================

Bid Close Rs. 277.87

Offer Close Rs. 278.07

Bid Open Rs. 277.96

Offer Open Rs. 278.16

=========================================

Weekly open-market rates for dollar

=========================================

Bid Close Rs. 278.77

Offer Close Rs. 279.82

Bid Open Rs. 278.86

Offer Open Rs. 279.68

=========================================

Copyright Business Recorder, 2026

Comments

200 characters remaining